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Monthly archives: March 2022
Daily DCE Review 17/03/22
Iron ore futures extended bullish run, despite market uncertainty and concerns over slowing Chinese steel output. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 4.65% day-on-day or up RMB 36 to RMB 810/mt, during the day trading session on Thursday. The rebar futures also increased by 1.74% or up RMB 84 …
Brent May 22 Morning Technical Comment – 573 Min 17/03/22
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Iron Ore DCE May Daily Technical Review 17/03/22
Verdict – Short-term neutral. DCE iron ore May22 contract extended growth as expected yesterday. However the close was almost flat to the high open. DCE iron ore apparently entered a small round of consolidation, major trading area concentrated between 795.0 – 810.0 area. Hourly MACD narrowed above 0 axis. Hourly slow stochastic KD potentially …
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Daily Virtual Steel Mill Report 17/3/22
Market Verdict on Iron Ore: • Neutral to bullish. Macro • As expected, the Federal Open Market Committee (FOMC) of the Federal Reserve raised the federal benchmark interest rate range by 25 basis points to 0.25% – 0.50%, the first interest rate increase since December 2018. Fed officials expect interest rates to reach 1.9% by …
Iron Ore Offshore April 22 Morning Technical Comment – 240 Min Chart 17/03/22
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Base Morning Intraday Note 17/03/22
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Daily Capesize Review 16/3/22
Capesize freight rates coughed the gains made recently, following the selloff sessions, amid the volatile market. The Capesize 5 time charter average, then dropped by $1,583 day-on-day to $21,830 on Wednesday, after market selloff in the afternoon session. The Baltic Dry Index (BDI) then decreased by $98 day-on-day, or down 3.64% day-on-day, to $2,591, due …
Fertilizer Market Report 16/03/22
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London Iron Ore Market Report 16/03/22
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